The global forage seeds market is forecast to reach a valuation of USD 12,132.9 million in 2023 and further accelerate at a robust CAGR of 9.8% between 2023 and 2033. Overall forage seed sales are likely to generate revenues worth USD 30,996.9 million by 2033.
Growing demand for organic and high-nutritional animal feeds is expected to push the sales of forage seeds across the globe. Subsequently, increasing consumption of meat and chicken products worldwide are providing impetus to the market.
Forages are the edible plant portions used to feed grazing animals and are consumed by cattle. Legumes and grass seeds are used by forage feed producers to sow pastures and hayfields. Plant breeders, seed growers and conditioners, seed distributors, seed merchants, and farmers are the main participants in the forage seeds market's supply chain.
Increasing livestock helps to propel the demand for forage seeds that are used for animal feeding. Subsequently, forage seeds are also used for cattle to improve milk production. Hence, increasing demand from agricultural and livestock farms for feeding livestock worldwide will fuel the sales.
Growing demand for forage feed has a positive impact on the demand for forage seeds. Similarly, growing consumption of meat and dairy products that are made from milk is expected to bolster forage seed sales during the assessment period.
With burgeoning demand for livestock, consumption of protein-rich meat products is surging. According to the Food and Agriculture Organization (FAO), worldwide consumption of meat proteins is forecast to increase by 14% through 2030. This, in turn, will positively impact forage seed sales.
Further, growing dairy industry coupled with rising consumption of dairy products will create lucrative growth opportunities for forage seed manufacturers over the next ten years.
Another key factor expected to bolster forage seed sales over the next ten years is the rising prevalence of nutrient deficiencies in livestock. Forage feed has become ideal for resolving nutrient deficiency diseases in animals.
Growing dairy farms and livestock farms, producers are focusing on providing good quality forage crops for feeding livestock. They are concentrating on improving the profitability of farms by reducing the feed cost, which is generally the biggest expense on any livestock and dairy farm.
Good quality forage feeds improve the nutrition level and reproduction level of cattle. High-quality forage crops at low cost such as alfalfa, ryegrass, and clover among others are reducing the feeding cost of livestock. In earlier times, oil seed, oil cake, cottonseed cake, and molasses among others were extensively used for feeding livestock as a nutritional supplement.
The by-products that are used for livestock feeding, increase the feeding cost for farmers. Nowadays, agricultural producers are focusing on the cultivation of forage products such as ryegrass, and alfalfa for reducing livestock feeding costs. Owing to these factors, the growing demand for forage seeds is expected to influence the growth of the overall forage seeds market.
| Attribute | Key Insights |
|---|---|
| Forage seeds market Estimated Value (2023E) | USD 12,132.9 million |
| Projected Market Value (2033F) | USD 30,996.9 million |
| Value-based CAGR (2023 to 2033) | 9.8% |
| Top 3 Countries Marketing Share | 20% to 25% |
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| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 8.3% |
| Jul to Dec (H2), 2021 (A) | 8.9% |
| Jan to Jun (H1), 2022 Projected (P) | 9.5% |
| Jan to Jun (H1), 2022 Outlook (O) | 9.2% |
| Jul to Dec (H2), 2022 Projected (P) | 10.2% |
| Jul to Dec (H2), 2022 Outlook (O) | 10.5% |
| Jan to Jun (H1), 2023 Projected (P) | 8.3% |
Forage seed sales grew at a CAGR of 8.6% between 2018 and 2022 as per Future Market Insights’ recent analysis. For the next ten years (2023 to 2033), the global forage seeds industry is anticipated to register a growth rate of 9.8% CAGR.
Rising demand for meat and poultry products and growing focus on providing high-nutritional feeds to animals are key factors driving the global market for forage seeds forward.
The good quality of forage seed helps to enhance the livestock’s reproduction level, energy level, and body mass. Therefore, livestock farmers are focusing on providing good quality forage goods to their livestock to meet the growing consumers’ needs.
Increasing preference for natural and organic animal feed is expected to elevate forage seed demand during the projection period from 2023 and 2033.
Forage seeds are available at low prices compared to other feed such as wheat bran, and oil seed among others. The forage seeds industry is also expanding as a result of the economic advantages of growing forage seeds, such as crop rotation and risk diversification.
Principal Consultant
| Regions | North America |
|---|---|
| Countries | United States |
| Market Share | 26.8% |
| BPS | -101 |
| Market Value (2033) | USD 3,251.6 million |
| Regions | Europe |
|---|---|
| Countries | United Kingdom |
| Market Share | 7.5% |
| BPS | -149 |
| Market Value (2033) | USD 910.0 million |
| Regions | Asia Pacific |
|---|---|
| Countries | China |
| Market Share | 8.1% |
| BPS | -49 |
| Market Value (2033) | USD 982.8 million |
| Regions | Asia Pacific |
|---|---|
| Countries | India |
| Market Share | 6.1% |
| BPS | -370 |
| Market Value (2033) | USD 740.1 million |
| Regions | Asia Pacific |
|---|---|
| Countries | Japan |
| Market Share | 5.1% |
| BPS | 98 |
| Market Value (2033) | USD 618.8 million |
Changing Food Habits and Rising Meat Consumption Elevating Forage Seed Demand in the USA
The United States is considered a lucrative market for forage seeds and it is expected to register a significant CAGR of 8.8% during the forecast period. Changing food habits, increasing meat consumption, and rising population are few of the key factors boosting demand for forage seeds across the United States.
Over the years, there has been a significant rise in meat consumption across the United States due to changing lifestyles and high preferences for protein-rich diets. According to the World Economic Forum, United States citizens consumed an average of around 97 kg of meat per year in 2016. This in turn is elevating demand for forage seeds in the country.
Increasing health awareness among consumers regarding synthetic meat consumption is another key driving force behind the rising consumption of forage crops. High-yielding forage seeds are required to meet the increasing demand for forage crops.
Owing to increasing health concerns, the demand for organic meat is increasing rapidly. For organic meat, the livestock is fed on grass or corn forages. To cope with changing consumer trends, manufacturers tend to avoid growth regulators, chemical fertilizers, pesticides, and additives.
The consumption of genetically modified meat is associated with health problems such as cancers, obesity, hypertension, and cholesterol. To meet consumer requirements, manufacturers are focusing on the food habits of animals to increase the production of organic meat. Owing to these factors, the United States forage seeds market is set to thrive at a robust pace over the next ten years.
Increasing Demand for High-quality Forage Crops Boosting Market in Germany
The market for forage seeds in Germany is expected to accelerate at a CAGR of 9.5% during the projection period (2023 to 2033). Germany is currently the largest producer of forage seed in Europe and has a stronghold on the European market.
Market growth in this country is attributed to the increasing demand for weed-free forage products, fuelled by the expanding livestock population.
Agricultural and livestock farmers are focusing on the use of good forage crops for feeding livestock. Therefore, demand for forage seeds is increasing given the cultivation of forage crops to meet consumer needs.
Rising Demand for Dairy Products Fostering Forage Seed Sales in India
According to Future Market Insights, the overall market for forage seeds in India is forecast to accelerate at a CAGR of 8.1% between 2023 and 2033. Increasing demand for animal products such as dairy and meat and rising count of poultry farms are key factors fostering forage seed sales across India.
Exploding population, increasing disposable income, and urbanization are playing an important role in increasing the demand for poultry meat and dairy products in India. This in turn is directly influencing India’s forage seeds industry and the trend is expected to continue during the assessment period.
Further, the economic benefits, such as crop rotation and risk diversification, of forage seed cultivation are also expected to boost the growth of the forage seeds market in India.
Alfalfa to Remain Highly Sought After Product Type
According to Future Market Insight, alfalfa segment currently holds a prominent forage seed market share and it is expected to expand at 7.2% CAGR between 2023 and 2033. Demand for alfalfa is primarily driven by its high nutrient content (protein and energy) that helps improve: the growth of livestock, maintenance, lactation, and reproduction.
In addition, alfalfa seeds are widely used for feeding dairy cattle to enhance milk production globally. Owing to these factors, the demand for alfalfa is expected to remain high throughout the forecast period.
Legumes such as clover and alfalfa are great supplemental cattle feed. These forages contain amino acids, which help to promote the reproduction level of livestock and improve gut function.
Thanks to its exceptional tendency to produce high yields of palatable, nutritious forage under various ranges of soil and climatic conditions, alfalfa has been called the ‘queen of forages’ or simply ‘The Forage Queen’.
Poultry to Emerge as the Most Remunerative Livestock Type Segment
In terms of livestock type, the poultry segment is expected to register a significant CAGR of 9.4% from 2023 to 2033, making it one of the most remunerative segments for forage seed companies. This is attributed to rising demand for poultry products such as meat and eggs.
Due to the increasing demand for poultry meat and eggs, poultry farmers are focusing on providing good forages to the poultry birds which increases the demand for forage seeds.
Similarly, increasing poultry farms worldwide will foster forage seed sales during the projection period between 2023 and 2033.
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Leading forage seed manufacturers are constantly upgrading their portfolios by introducing new products. Key firms are also eager to commit to mergers, partnerships, and business acquisitions to strengthen their presence as well as expand their customer base.
For instance:
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 12,132.9 million |
| Projected Market Value (2033) | USD 30,996.9 million |
| Anticipated Growth Rate (2023 to 2033) | 9.8% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Segments Covered | Product Type, Livestock Type, Region |
| Key Companies Profiled | Allied Seed, LLC; BASF SE; Dow Agro Sciences LLC; S & W Seed Company; Germinal GB; Hancock Farm & Seed Co. Inc.; Central Garden & Pet Company; Northstar Seed Ltd; Heritage Seed Company |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is expected to generate revenue of US$ 30,996.9 million by 2033.
Growing consumption of dairy products and increasing demand for livestock.
Increasing emphasis on the cultivation of forage products like alfalfa and ryegrass is a key trend in the market.
The market expanded at a CAGR of 8.6% in the historical period.
The German market is expected to expand at a CAGR of 9.5% through 2033.
1. Executive Summary | Forage Seeds Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Alfalfa 5.2. Clover 5.3. Ryegrass 5.4. Chicory 5.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Livestock Type 6.1. Poultry 6.2. Cattle 6.3. Pork/Swine 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia 7.6. Oceania 7.7. Middle East & Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Allied Seed LLC 17.2. BASF SE 17.3. Dow Agro Sciences LLC 17.4. S&W Seed Company 17.5. Germinal GB 17.6. Hancock Farm & Seed Co. Inc. 17.7. Central Garden & Pet Company 17.8. Northstar Seed Ltd. 17.9. Heritage Seed Company 17.10. Others on Additional Request 18. Assumptions & Acronyms Used 19. Research Methodology
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Forage Seeds Market
